The price of Blu Green Token, Thailand’s first environmental investment token backed by carbon credits, opened higher on its first trading day on Bitkub platform on Monday, at THB 1.30, more than 8% higher than its ICO price of THB 1.20 per token. The price rose as high as THB 1.476 per token afterward.
Ditto (Thailand) Public Company Limited (SET: DITTO), led by CEO Takorn Rattanakamolporn, announced that the trading of Blu Green Token marks a significant step for the company’s environmental business. The Blu Green Token is an investment token backed by carbon credits from mangrove restoration projects, making it Thailand’s first environmental token of its kind.
The company raised 400 million Blu Green Tokens, valued at a total of 480 million baht, to fund the planting, restoration, and maintenance of over 17,531 rai of mangrove forests, all registered under the carbon credit standards of Thailand Greenhouse Gas Management Organization (TGO), including both Standard T-VER and Premium T-VER. DITTO also plans to leverage technology in carbon credit management and verification, incorporating tools such as survey drones, AI, satellite imagery, the Tree Detection App, and a digital database system to optimize forest care and monitor carbon credit quantities.
According to the IRR Sensitivity Analysis of the digital token project, which is based on assumptions about the growth of the carbon credit market, the results show that for the base case, tokenholders can expect an average internal rate of return (IRR) of 10.35% per year throughout the project. In the best-case scenario, returns could rise as high as 20.04% per year, while in the worst-case scenario, the project still aims to yield no less than 3.00% per year.
Project developers intend to gradually expand the sale of the associated carbon credits over a five-year period. During the first to fourth years, digital token holders will not receive any returns, as this phase focuses on accumulation and project development. Returns from the sale of carbon credits, as planned, are expected to begin in the subsequent phases.
